Ansys Inc. (ANSS) Downgraded by Zacks Investment Research to “Sell”
According to Zacks, “ANSYS, Inc., develops and globally markets engineering simulation software and technologies widely used by engineers and designers across a broad spectrum of industries. The Company focuses on the development of open and flexible solutions that enable users to analyze designs directly on the desktop, providing a common platform for fast, efficient and cost- conscious product development, from design concept to final-stage testing and validation. The Company and its global network of channel partners provide sales, support and training for customers. “
ANSS has been the subject of a number of other research reports. Evercore ISI reaffirmed a buy rating on shares of Ansys in a research report on Friday, September 16th. Wedbush reiterated a neutral rating and set a $88.00 price objective on shares of Ansys in a research note on Wednesday, August 31st. Finally, Barclays PLC lifted their price objective on Ansys from $86.00 to $94.00 and gave the company an equal weight rating in a research note on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $90.71.
Shares of Ansys (NASDAQ:ANSS) traded up 1.18% during trading on Tuesday, reaching $92.82. The company had a trading volume of 116,556 shares. The company has a market capitalization of $8.10 billion, a PE ratio of 32.22 and a beta of 0.99. Ansys has a 52 week low of $80.51 and a 52 week high of $98.99. The stock’s 50-day moving average price is $94.46 and its 200-day moving average price is $90.64.
Ansys (NASDAQ:ANSS) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.05. Ansys had a return on equity of 13.33% and a net margin of 27.06%. The company earned $246.10 million during the quarter, compared to analysts’ expectations of $244.84 million. During the same quarter in the previous year, the firm posted $0.85 EPS. The firm’s revenue was up 4.5% compared to the same quarter last year. On average, equities analysts expect that Ansys will post $3.62 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Pillar Pacific Capital Management LLC boosted its position in shares of Ansys by 0.7% in the second quarter. Pillar Pacific Capital Management LLC now owns 4,324 shares of the company’s stock valued at $393,000 after buying an additional 29 shares in the last quarter. Montag & Caldwell LLC boosted its position in Ansys by 0.5% in the second quarter. Montag & Caldwell LLC now owns 7,852 shares of the company’s stock worth $713,000 after buying an additional 40 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Ansys by 1.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 2,373 shares of the company’s stock worth $215,000 after buying an additional 45 shares in the last quarter. Hartford Investment Management Co. boosted its position in Ansys by 2.3% in the second quarter. Hartford Investment Management Co. now owns 2,483 shares of the company’s stock worth $225,000 after buying an additional 56 shares in the last quarter. Finally, State Treasurer State of Michigan boosted its position in Ansys by 0.3% in the second quarter. State Treasurer State of Michigan now owns 35,300 shares of the company’s stock worth $3,203,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.
Ansys Company Profile
ANSYS, Inc develops and markets engineering simulation software and services used by engineers, designers and students across industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.
Receive News & Stock Ratings for Ansys Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ansys Inc. and related stocks with our FREE daily email newsletter.